https://www.retirementplanningscottsdale.com/2019/03/13/anil-vazirani-says-to-protect-your-retirement-against-stock-market-crashes/ Anil Vazirani says to Protect your retirement against stock market crashes. Per an article in Financial Planning by Lee Conrad on March 6th, 2019, he states that history shows that market corrections are inevitable, and investors should protect their retirement from future downturns, per a Forbes contributor. To do this, “older workers and retirees can develop a portfolio of retirement income that’s appropriate for retirement in the 21st century,” writes the expert. “You’ll want to shift your thinking from building a diversified portfolio of retirement assets (which you did while you were working) to designing a diversified portfolio of retirement income that will last the rest of your life no matter how long you live.”
A majority of Americans opt to file for Social Security benefits before or upon reaching full retirement age, missing out on the chance to collect a higher benefit amount, according to this article on personal finance website Motley Fool. Retirees who wait until age 70 to file for Social Security can expect an increase of 8% per year. Seniors who will depend on Social Security for income should consider this strategy, as receiving bigger benefits can help them cover rising medical costs and other unforeseen expenses.
Read more: https://www.financial-planning.com/news/protect-your-retirement-against-stock-market-crashes
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